Monday, February 2, 2015   

Italy pushes for structural reforms
(07-08 16:45)

Italy's finance minister says his country and the European Union must focus on pushing through structural reforms to boost growth, not rely on easing rules limiting government debt.
Pier Carlo Padoan, whose country holds the rotating EU-presidency, said Tuesday in Brussels his goal is "to help all countries to find incentives and pressure to reform.''
The comments came after weeks of discussions during which Italy urged an easing of the 28-nation bloc's rules limiting the member nations' budget deficits and overall debt level.
Dutch Finance Minister Jeroen Dijsselbloem, who also chairs the meetings of the 18-nation eurozone, insisted the good conditions in bond markets allowing governments to take on debt more cheaply should not distract from the necessity of "getting some work done in terms of reforms.'' --AP
   
Other Business breaking news:
Eurozone deflation accelerates in January (01-30 18:10)
German retail sales grow for fifth year in row: data (01-30 17:32)
Spanish economy grows by 1.4 percent in 2014: stats office (01-30 17:19)
Taiwan's economy slows in fourth quarter 2014 (01-30 17:03)
European stocks rise at open (01-30 17:02)
Hang Seng ends lower (01-30 16:16)
Honda cuts full-year profit forecast (01-30 15:14)
Japan's biggest airlines project smooth annual earnings (01-30 15:13)
Nikkei finishes higher (01-30 15:01)
Japan unemployment rate down in December (01-30 12:23)

More breaking news >>

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